Downtown 140 S. Missouri redevelopment and 353 tax abatement
Summary
Drottz Construction Group is putting about $173,000 into renovating a downtown building — new roof, siding, garage doors, parking lot and interior work. The city is granting a 13-year Chapter 353 tax abatement; the owner keeps paying partial taxes (about $694/year for ten years) but saves roughly $4,100 a year.
At a glance
- Total mentions
- 2
- Last 30 days
- 1
Discussed at 1 meeting in the last 60 days; most recently Oct 26, 2026.
Impact analysis
The city forgoes roughly $51,475 in property tax over 13 years, though the property still pays reduced PILOT taxes.
Drottz Construction Group gets a meaningful tax break that helps make the renovation pencil out.
Local taxing jurisdictions forgo a portion of property tax revenue on the parcel for up to 13 years.
Mentions & discussions (3)
City Council - Oct 26, 2026
The city will issue up to $86.25 million in taxable industrial development revenue bonds for a project at Flintlock, Plummer and South Liberty Parkway. The 15-year abatement starts at 75%, meaning the city forgoes about $8.2 million in taxes while collecting $5.1 million over the period.
City Council - Aug 10, 2026
Drottz Construction Group is putting about $173,000 into renovating a downtown building — new roof, siding, garage doors, parking lot and interior work. The city is granting a 13-year Chapter 353 tax abatement; the owner keeps paying partial taxes (about $694/year for ten years) but saves roughly $4,100 a year.
Liberty offers tax incentives to keep and help truck body manufacturer grow its business
Liberty offers tax incentives to keep and help truck body manufacturer grow its business KSHB 41 Kansas City
Related development
GFI Capital Project
The development moves forward with city-backed bond financing, though $8.2 million in taxes will be abated over 15 years.
140 S. Missouri Redevelopment (38th Amendment to Downtown Area Redevelopment Project)
The vacant or underused downtown parcel gets a major facelift, though local taxing districts give up roughly $51,475 in tax revenue over 13 years.
140 S. Missouri Redevelopment (thirty-eighth amendment to Downtown Area Redevelopment Plan)
The downtown building gets a full renovation while the owner pays reduced property taxes for 13 years in exchange for the investment.
We'll email you when it's on an upcoming agenda and when it's voted on, at most once a day.
The weekly brief for Liberty
What the council decided, in plain English — one email a week.
Free. Unsubscribe with one click any time. We never sell your email.